RHB Retail Research
Trading Stocks - Superlon
Superlon formed a long white candle, indicating that the momentum of buying could be strong. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.835 level, with an exit set below the MYR0.78 mark. Towards the upside, the immediate resistance is at the MYR0.94 level, followed by the MYR1.01 threshold.
Source: RHB Securities Research - 11 Feb 2020
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